Bergstein Investor Fights Arbitration Bid Over $590M Loans

Law360, New York (March 4, 2014, 5:11 PM EST) -- An investor who had loaned film financier David Bergstein $590 million to fund movies like "Before the Devil Knows You're Dead" argued in New Jersey federal court Monday that the producer should not be allowed to enter arbitration to settle allegations he made misrepresentations to secure the loans.

Plaintiffs Paul Parmar and Grange Consulting Group say that none of the loan agreements they had entered with Bergstein and his various partners and holding companies contained any arbitration clause that would be applicable in the case....
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